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reserves of shale gas. and spokesman for mitt romney says the obama administration should formally their china a currency manipulator. semiannual report due on the topic released by treasury in mid october. >> it had stopped for a while and yuan was slowly moving up, but then with all the pressures with their economy, it's kind of turned around. >> when you start messing around with china as a political football on either side, election nearing and -- >> and tensions between china and japan got pretty bad. i heard the lexus is going to be slowing down production because wealthy people don't want to buy a japanese luxury sedan. >> a lot of people that were wealthy aren't quite as wealthy as they used to be. i think trump was always railing about china, too. >> in other news out of washington, the white house is reportedly prepare to go direct federal agencies to develop guidelines for owners of power, water and other infrastructure facilities. it would give the agencies 90 days to propose new regulations and create a new cyber security council at the department of homeland security.
. >> and this is important with romney saying he's not being tough enough on iran. and the papers this morning have a peace symbol. very potent particularly on this day in the jewish calendar. >>> shares of caterpillar are down this morning due to concerns about the global economy. and specifically capital expenditure from commodity producers. what does cat's warning mean for global investors? let's go trade in the globe. tim seymour is joining us from asset management and founder of the mergemoney.com. what does it mean? >> well, if you look at what caterpillar said in 2012, it is different than 2011 when they said the world is a wash in demand. they were concerned about meeting capacity. yesterday they were really saying and pointing squarely at dealers in china and even in latin america where they think there's an inventory overhang they need to work through. the bottom line is they are saying the world is moderately better. that we're going to see somewhat tempered but real global growth. and i think to go out and sell miners here on the back of what caterpillar says is cautious. if you listen to what
chairman reince priebus. why? what a day to have him. mitt romney wrote an op ed. we'll talk about that and the op ed below it that talks about the next battleground, the state labor wars. and then the "santelli exchange," bottom of the hour. what we're going to talk about, to be or not to be. is inflation gestation or inflation on vacation? we'll talk about that and all the issues that involve your money. top and bottom of the hour. mentm and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> welcome back to "squawk on the street." i'm courtney reagan. let's take a look at shares of lane christensen. it's attractive with limited downside because the business itself protects this floor. as you can see
hopping back on the campaign trail. romney will also be speaking in new york. >> he's getting some criticism for his schedule in meetings. in any case, stick around because still to come, bowing out of investment banking. the future is looking bleak for rbs. >>> meredith whitney says banks have been behind the curve in terms of downsizing and employees are paying for it now. >> if you think about all the other industries that have gotten more competitive, more profitable, the banking sector and insurance sector have been laggards behind it and they employ a lot of people. so they'll see significant layoffs. interesting for goldman, they're cutting all of their highest paid people. so it's not a great time. i think the industry is as bad as i've seen it. >> so how bad is it going to get? joining us for more is bank equity research and european banking editor. welcome to you both. do you agree with meredith whitney, is it as bad as you've seen it and are there a lot more job cuts to come? >> yeah, i think it's pretty bad. i think it all kind of centers around what's going on with the
Search Results 0 to 3 of about 4